Scotiabank announced that it has entered into a definitive agreement to acquire Maple Financial Holdings, the parent company of MapleMark Bank, a U.S. commercial bank primarily operating in Dallas, Texas.
The acquisition is designed to strengthen Scotiabank’s Global Banking and Markets business by enabling the bank to offer FDIC deposit insurance to clients, while supporting its Mortgage Capital Markets operations and broader deposit growth strategy. The transaction also aligns with Scotiabank’s strategic focus on expanding its presence across the North American corridor.
MapleMark Bank is a Dallas-based commercial bank that Scotiabank described as a well-run institution with operations centered in Texas. Through the acquisition, Scotiabank expects to enhance its U.S. banking capabilities and deepen its ability to serve clients across key markets.
The transaction remains subject to customary closing conditions and regulatory approvals. Scotiabank noted that the acquisition is not expected to have a material impact on the bank’s earnings or Common Equity Tier 1 (CET1) ratio.
Scotiabank is one of North America’s largest banks by assets, with approximately $1.5 trillion in assets as of April 30, 2026. The bank provides a range of services across personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets.
KEY QUOTES:
“Our acquisition of MapleMark Bank allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our Mortgage Capital Markets business and our deposit growth strategy. MapleMark Bank is a well-run bank primarily operating in Dallas, Texas and further supports our strategic focus within the North American corridor.”
Travis Machen, CEO And Group Head, Global Banking And Markets, Scotiabank
